Buy-To-Let = Boomed!

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/7413849.stm

The downturn in property sales is having a positive affect on buy-to-let, a survey from the Royal Institution of Chartered Surveyors (Rics) suggests.

Its survey of residential lettings says the number of surveyors reporting a rise in instructions to let property rose by 29% in the quarter to April.

Weaker demand to buy houses has forced sellers back into the rental market, where yields are rising, Rics says.

"The sales market's loss is the lettings market's gain," said Rics spokesperson James Scott-Lee.


B O O M E D ! ! !

[oracleslave]

B O O M E D ! ! !

I thought you were liquid, i.e. had sold off any Btl you had?

[DimPrawn]

I thought you were liquid, i.e. had sold off any Btl you had?

Hey, what's reality got to do with anything here?

[oracleslave]

Hey, what's reality got to do with anything here?

My mistake!

[TimberWolf]

Some body or other recently predicted rents would rise in the next 12 months, while house prices would drop.

[oracleslave]

Some body or other recently predicted rents would rise in the next 12 months, while house prices would drop.

Adam Smith?

[Pondlife]

Turion? BB? Dim Prawn?

[Moscow Mule]

Just renewed rental contract for another 12 months at the same price. My rent isn't going up. Hurrah!

[oracleslave]

Just renewed rental contract for another 12 months at the same price. My rent isn't going up. Hurrah!

From memory weren't you paying fairly high rent anyway? £1300 per month or something?

[TimberWolf]

Adam Smith?

The media have been referring to some research done by an outfit called Capital Economics.

E.g. http://news.bbc.co.uk/1/hi/talking_point/7386999.stm

Capital Economics is forecasting that rents will rise by more than 10% over the next two years.

http://www.capitaleconomics.com/